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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2012

Summary of Significant Accounting Policies

Level 1 assets measured at fair value on a recurring basis

Level 1 assets measured at fair value on a recurring basis include the following as of June 30, 2011 and 2012:

	Quoted Prices in Active Markets
Cash equivalents:
Money market funds	$	1,059,000

Fair value of stock options granted to employees estimated using weighted-average assumptions

The fair value of the Company's stock options granted to employees for the years ended June 30, 2012, 2011 and 2010 was estimated using the following weighted-average assumptions:

	2012			2011			2010
Expected life (years)		3.9			3.5			3.4
Risk-free interest rate		1.2	%		1.3	%		1.6	%
Expected volatility		82	%		87	%		87	%
Dividend yield		0	%		0	%		0	%

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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